According to the Phillips curve, in the short run, if policy makers choose an expansionary policy to lower the rate of unemployment ?

A. Inflation will be unaffected if price expectations are unchanging

B. The economy will experience a decrease in inflation

C. None of these answers

D. The economy will experience an increase in inflation
Be the first to comment if anything wrong with this mcq
Your comment successfully submitted!
It will automatically posted after review and approval by our staff member.